ABU DHABI/ WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, has warmly welcomed the invitation the UAE has received from the Federal Republic of Brazil to participate in the G20 for 2024. “The UAE’s participation in G20 for the third consecutive year and for the fifth time since the group’s inception, reflects the sustainable partnership that ...

EMIRATES / WAM Their Highnesses the Supreme Council Members and Rulers of the Emirates have sent cables of condolences to His Highness Sheikh Meshal Al Ahmad Al Jaber Al Sabah, Emir of Kuwait, on the death of Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, late Emir of Kuwait. Their Highnesses the Rulers, Dr. Sheikh Sultan bin Muhammad Al Qasimi of Sharjah, Sheikh ...

SHARJAH / WAM Sharjah Airport Authority (SAA), in collaboration with Sharjah Research, Technology and Innovation Park (SRTI Park), launched the second batch of the “Promising Generations” initiative to foster innovation and devise creative solutions that support various operations at the Sharjah Airport. The initiative is in line with the efforts of both parties to empower the younger generation and to ...

DUBAI / WAM The Ministry of Education has entered into agreements with the Ministry of Climate Change and Environment (MoCCAE) and Bayanat to advance scientific efforts in sustainability. These understandings aim to bolster sustainable scientific and research initiatives and include the introduction of a grant for collaborative research programmemes throughout 2024, coinciding with COP28. The three-year agreements were signed by ...

ABU DHABI / WAM The UAE Government has issued a federal decree-law on regulating media, which aims to organise media activities in the UAE and promote its status as a global media hub, and establish an enabling environment to catalyse the growth and prosperity of the media sector. The provisions of the decree apply to individuals, organisations, media outlets, and ...

ABU DHABI / AD MEDIA OFFICE His Highness Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, Chairman of the UAE Media Council, has chaired the meeting of the council’s Board of Directors at the National Media Office headquarters in Abu Dhabi. During the meeting, His Highness highlighted that the media regulation law represents a significant step in strengthening the country’s competitiveness ...

BLOOMBERG Goldman Sachs Group Inc plans to ramp up its credit business in India and sees an increasing opportunity to target the nation’s wealthy diaspora as global investors shift their focus from China to what is now the world’s fastest-growing major economy. The investment bank wants to broaden the range of loans it offers through its shadow banking unit, according ...

BLOOMBERG Amazon.com won its legal battle with European Union (EU) competition watchdogs over a €250 million ($272 million) tax bill as the bloc’s top court cast more doubt on an EU crackdown on nations accused of giving some firms special treatment. The EU’s Court of Justice said the European Commission failed to establish that a tax arrangement between Amazon and ...

BLOOMBERG Hennes & Mauritz AB’s revenue fell as consumers pulled back on spending at H&M clothing stores and after the chain closed stores in Russia. Sales fell 4% in the three months through November at constant currencies, the company said, in line with analysts’ expectations. The company has lost the sales growth momentum it last demonstrated in the first half ...

BLOOMBERG Kroger Co and Albertsons Cos are bracing for a US Federal Trade Commission (FTC) lawsuit over their proposed $24.6 billion tie-up as soon as January as opposition builds against the supermarket mega-deal. Progressive lawmakers and the Teamsters union both urged the antitrust agency to veto the deal after its yearlong probe. The FTC has until January 17 to decide ...